Monthly minimum wage, annual growth rate in Hong Kong
Hong Kong: Monthly minimum wage, annual growth rate was 6.67 % change on previous year in 2024. ◆ Volatile
Monthly minimum wage, annual growth rate in Hong Kong, 2012–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, monthly minimum wage, annual growth rate in Hong Kong stood at 6.67 % change on previous year.
The figure is up 106.7% over ten years.
Over the whole period, monthly minimum wage, annual growth rate in Hong Kong peaked at 8.7 % change on previous year in 2019 and was at its lowest, -99.53 % change on previous year, in 2014.
Hong Kong ranks 62nd of 168 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Monthly minimum wage, annual growth rate in Hong Kong, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2012 | 0 % change on previous year | — |
| 2013 | 7.15 % change on previous year | — |
| 2014 | -99.53 % change on previous year | -1492.2% |
| 2017 | 6.15 % change on previous year | -106.2% |
| 2018 | 0 % change on previous year | -100.0% |
| 2019 | 8.7 % change on previous year | — |
| 2020 | 0 % change on previous year | -100.0% |
| 2021 | 0 % change on previous year | — |
| 2022 | 0 % change on previous year | — |
| 2023 | 0 % change on previous year | — |
| 2024 | 6.67 % change on previous year | — |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -12.92 % change on previous year | -99.53 % change on previous year | 8.7 % change on previous year | 6 |
| 2020s | 1.33 % change on previous year | 0 % change on previous year | 6.67 % change on previous year | 5 |
Countries ranked near Hong Kong
- 59 North Macedonia 6.85 % change on previous year compare
- 60 Romania 6.79 % change on previous year compare
- 61 Estonia 6.77 % change on previous year compare
- 63 Guatemala 6.35 % change on previous year compare
- 64 Vietnam 5.98 % change on previous year compare
- 65 Iceland 5.9 % change on previous year compare
More work & labour data for Hong Kong
- Persons outside the labour force (ILO modelled estimates) 2,981 (2027)
- Labour force participation rate (ILO modelled estimates) 55.13 (2027)
- Labour force (ILO modelled estimates) 3,663 (2027)
- Employment-to-population ratio (ILO modelled estimates) 53.6 (2027)
- Persons outside the labour force (ILO modelled estimates) (15+) 1.56 % change on previous year (2027)
- Labour force (ILO modelled estimates) (15+), annual growth rate -1.12 % change on previous year (2027)
- Legislation on sexual harassment in employment 1 (1=yes; 0=no) (2023)
- Criminal sanctions or compensation for workplace sexual harassment 1 (1=yes; 0=no) (2023)
- Women can take the same jobs as men 1 (1=yes; 0=no) (2023)
- Labor force participation rate, total (% of total population ages 15+) 56.4% (2025)
Frequently asked questions
- What is monthly minimum wage, annual growth rate in Hong Kong?
- Monthly minimum wage, annual growth rate in Hong Kong was 6.67 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest monthly minimum wage, annual growth rate recorded in Hong Kong?
- The highest recorded value was 8.7 % change on previous year in 2019.
- What is the lowest monthly minimum wage, annual growth rate recorded in Hong Kong?
- The lowest recorded value was -99.53 % change on previous year in 2014.
- How does Hong Kong rank for monthly minimum wage, annual growth rate?
- Hong Kong ranks 62nd out of 168 countries with data for 2024.
- Is monthly minimum wage, annual growth rate rising or falling in Hong Kong?
- Over the last ten years it is up 106.7%. The long-run trend across the full record is volatile.
- Where does this Hong Kong data come from?
- The figures come from Statizoid (derived), published as part of Monthly minimum wage, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 11 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Monthly minimum wage. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Monthly minimum wage International Labour Organization
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Monthly minimum wage. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.